Stanzel to lead Intertanko

Tanker owners’ association INTERTANKO has approved the appointment of its current deputy managing director, Katharina Stanzel, as managing director of INTERTANKO effective July 1, 2012. Joe Angelo will then return to his previous position of deputy managing director and director for regulatory affairs and the Americas. “We are delighted that Kathi has been confirmed as […]

Posted by: on May 15, 2012 read more

ICTSI Croatia orders new equipment

Adriatic Gate Container Terminal in Rijeka, Croatia has signed an agreement with Shangai Zhenhua Heavy Industries for the delivery of new equipment for the terminal. The equipment include two post Panamax quay cranes, eight rubber tired gantries and rail mounted gantries. Delivery of all equipment is expected in May 2013, which coincides with the readiness […]

Posted by: on May 14, 2012 read more

Court bars Exxon Valdez from entering India

India’s Supreme Court has banned the Exxon Valdez from entering India, saying the ship involved in one of the worst U.S. oil spills will not be allowed in for dismantling until it has been decontaminated.  

Posted by: on May 14, 2012 read more

IBIA to deliver enhanced bunkering course

The Maritime and Port Authority of Singapore (MPA) has appointed the International Bunker Industry Association (IBIA) as one of two bodies to be the training service provider of its Enhanced Bunkering Course for Cargo Officers in Singapore. From 1 July 2012 all new cargo officers will be required to not only be familiar with the […]

Posted by: on May 13, 2012 read more

Hapag-Lloyd blames fuel costs for $172M loss

Hamburg-based Hapag Lloyd has posted a first quarter net loss of Euro132.4 million ($171.8 million) year on year, drawn on revenues of Euro1.6 billion, up 8%. First quarter losses were blamed on soaring energy costs and soft demand caused by Chinese New Year holiday, which shut down Chinese factories in late January. But the first […]

Posted by: on May 13, 2012 read more

NOL’s net loss widens to $254M

NOL Group, the Singapore-based container shipping and logistics company, said its net loss ballooned 2,500 percent to $254 million in the first quarter this year from just $10 million in the same period last year, due to high fuel costs and low container freight rates.  <NOL said that during the period, it achieved about $100 […]

Posted by: on May 11, 2012 read more